Paypal Holdings Inc. Finally Spins Off From EBay Inc: Analyst Weighs In

PayPal started trading on yesterday with a market cap of roughly $46.6 bn, while eBay shrunk to about $34 bn. PayPal’s initial offering was priced at $38 per share and jumped approximately 5% to $40.47 in the same day, while eBay closed at $28.57.